“This could mean that people have the potential to borrow up to the age of 100, addressing the fact that people are living longer and finance is required longer term.

“We have had clients who, despite having strong pension funds and extensive background assets, have been denied a mortgage simply because of their age so this is a big step forward in the approach towards lending into retirement.”

Grandin is founder of large portfolio focused buy-to-let brokerage Landlord Mortgages who lately launched Lend2landlord and Lend2developer, which link peer-to-peer funders with developers and landlords.